M1 Group

M1 Group, a Middle Eastern investment firm based in Lebanon, is emerging as the lead buyer of London's Pepe Jeans fashion firm - Reuters is reporting.

The expected deal amount is not yet disclosed, but the seller's expectation was reported around $792 million. Other investment firms in competition to buy the firm were Paris-based private equity firm PAI Partners and Qatar Mayhoola Investments. (Pepe Jeans is majority held by private equity firms Torreal, Arta Capital and L Capital and was launched in London in 1973)